🔥 Market Recap (Aug 20) - BTC Drops to $113K, Fear & Greed at 45; Institutions Buy ETH Dip, While Funds Exit BTC & ETH ETFs.

📊 Market Snapshot
• $BTC: dropped to $113K
• $ETH: around $4,100
• Altcoins: sharply adjusted
• BTCDOM: 59.86%
• Total Crypto Market Cap: $3.83T
• Fear & Greed Index: 45 – Neutral
• Altcoin Season Index: 46/100

🕯 ETF Flows (Aug 19)
• BTC: -$523.3M (Fidelity, Bitwise, Ark, Grayscale massively sold)
• ETH: -$422.2M (Blackrock, Fidelity, Bitwise, Invesco, Grayscale massively sold)
• SOL: no record

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• Celsius will begin its third distribution worth $220.6M to creditors, bringing total recovery so far to ~64.9% of claims.

• Anthony Scaramucci’s SkyBridge Capital is preparing to tokenize $300M in assets on Avalanche, advancing its on-chain investment strategy.

• Bullish secured $1.15B in IPO proceeds settled in stablecoins, marking the first-ever use of stablecoins in a U.S. initial public offering.

• Public companies and funds now collectively hold over 2% of Ethereum’s circulating supply, underscoring growing institutional adoption.

• Robinhood has officially listed $SUI for U.S. trading, expanding accessibility to the Layer-1 token.

• FBI reported $5.8B in crypto fraud losses in 2024, but experts estimate the true figure is likely more than double due to underreporting.

• PumpFun dominates Solana’s memecoin sector, capturing 91.8% of launchpad activity across token creation, bonding, and active wallets.

• An early Ethereum ICO participant moved 334.7 ETH (~$1.48M) after holding since 2014, when the tokens were purchased for just $104 in total.

• A solo Bitcoin miner successfully mined a block, earning 3.17 BTC (~$371K) in rewards.

• Ethereum balances on centralized exchanges have fallen to their lowest level in 9 years, signaling a long-term supply squeeze.

• Dune’s LATAM report shows crypto exchange volume surged 9× from 2021–2024 to $27B, driven by Ethereum, Tron, Solana, and Polygon. In July 2025, stablecoins (USDT + USDC) made up over 90% of the total, while BRL- and MXN-pegged tokens saw explosive growth.

• Base reached a new all-time high in TVL and stablecoin market cap (via Coinbase Institutional).

• MetaMask expanded beyond Ethereum with new TRON integration, broadening multi-chain wallet support.

• Aave surpassed $6B in USDC deposits, reinforcing its position as a top DeFi lending protocol.

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🎁 Airdrops List (19/8 - 20/8)
• Binance Alpha: DecentralGPT (DGC)
• Binance Alpha: AriaAI (ARIA)
• Binance Alpha: Sapien (SAPIEN)
• Almanak
• Sign Orange
• NEAR Mobile
• WAYE
• Ethernity
• PEOPLEonBASE
• Binance x Plume
• o1(.)exchange

🔥 ETH VIETNAM 2025 | HO CHI MINH CITY

Over the past two days, ETH Vietnam 2025 brought together a vibrant snapshot of the Ethereum community in Vietnam:

• Inspiring talks from leading builders around the world
• In-depth panels exploring the future of Web3
• A fast-paced hackathon turning ideas into products within hours
• Countless connections and collaborations sparked on the spot

💎 Watch the recap video to relive:
• The energy of thousands of builders
• The “Build Together” spirit felt across the venue
• An unprecedented wave of creativity

Refund – One of Red Kite’s Core User Protection Mechanisms

⚡️ Our refund mechanism has been a key part of our system for years, helping users minimize risk when projects underperform post-listing.

🚀 Now, we believe it’s time to take things to the NEXT LEVEL.

Our improved mechanism was designed to give users even more control over their investments.

Get ready to take back power in every IDO.

👉🏻 Spread the news: https://x.com/redkitepad/status